2007 Annual Report
South Link Educational Trust
Summary of Financial Performance for the 12 months ended 30th June 2007
| Income | 2007 | 2006 | |
| Investment Income | 821,108 | 1,550,477 | |
| Total Income | 821,108 | 1,550,477 | |
| Operating Expenses | |||
| Audit Fees | 2,565 | 1,553 | |
| Trustee Fees and expenses | 13,027 | - | |
| Consultancy | 4,000 | - | |
| South Link Health Management Fee | 10,000 | 10,000 | |
| Total Costs | 29,592 | 11,553 | |
| Surplus prior to distributions | 791,516 | 1,538,924 |
|
| Distributions | |||
| Conference Costs | 372,962 | 144,177 | |
| General Expenses | 597 | 1,092 | |
| IPAC Sentinel Survey | - | 50,000 | |
| Matagouri Club | - | 5,000 | |
| Medical Books | 787 | 29,939 | |
| Sponsorship | 30,000 | 74,944 | |
| Donation – Rural Medical Immersion | 4,640 | - | |
| General Practice Business Survey | 10,000 | - | |
| GP Research for General Practice | 36,975 | - | |
| Total Distributions | 455,961 | 305,152 | |
| Net surplus (deficit) for year | 335,555 | 1,233,772 |
South Link Educational Trust
Summary of Financial Position as at 30th June 2007
| ACCUMULated funds | 2007 | 2006 | |
| Opening Accumulated Funds | 11,752,628 | 10,518,856 | |
| Plus Surplus (Deficit) for year | 335,555 | 1,233,772 | |
| Total Accumulated Funds | 12,088,183 | 11,752,628 | |
| Represented by: | |||
| Current Assets | |||
| ASB Bank | 34,606 | 52,370 | |
| GST Receivable | 34,298 | 17,328 | |
| Total Current Assets | 68,904 | 69,698 | |
| Investments | |||
| Forsyth Barr Ltd - Managed Funds | 12,309,310 | 11,775,574 | |
| Total Assets | 12,378,214 | 11,845,272 | |
| Less Current Liabilities | |||
| Accounts Payable | 290,031 | 92,644 |
|
| Net ASSETS | 12,088,183 | 11,752,628 |
The above financial summaries have been extracted from the South Link Education Trust’s full financial audited accounts. If you would like to receive a copy of the full accounts, audited by WHK, please contact Dianne Railton at South Link Health.
